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Plenty Of Fish
There is a significantly low response rate for guys on this site. The site is very time consuming to use.
Under that scenario, guys that are pretty good catches won't stick around too long as they can do better elsewhere with less effort. What's left over are the guys chasing sex, the guys in the model range in looks and the guys that are at best average or below.
Women tend to be quite picky about little things that don't really matter much. That explains some of the low response rate. The other reason is just the male/female ratio is quite high. It's actually much higher than simply counting male/female members. The ratio that matters is the number of guys interested in a particular woman ... this can be exceptionally high ... much much higher than that woman would ever experience in real life. That level of competition would not interest most guys who are pretty good catches as they really don't need to put themselves in that situation, to meet women.
The actual number of people on the site is grossly overestimated in effective terms. While there may indeed be 1000's of profiles on the site, the reality is only a small percentage of those profiles are active on the site. In a large city maybe only 300-500 women are truly active, even though there may be 10000 woman profiles. So, you don't actually have access or available a large number of women, but effectively the same number of women you would have access to at any large gathering like a dance hall or event.
In fact, for any dating site, including POF, if you looked at the effective numbers rather than the professed numbers, you would discover there is a lot of smoke and mirrors around dating sites regarding members, effectiveness etc. For the most part it is just a game of BS with numbers.
POF is actually quite good at providing the illusion of a large number of available people and it's intentional. The reality is, for any one person, there are certainly less than 50 people that would be a reasonable match. No more than you would get at any reasonably large place/event. If POF had a cross match facility, this would become very obvious to most people.